Germany’s Spiegel to cut about 150 jobs

German news media company Spie-gel said Tuesday it would cut 150 jobs and start charging fees for some of its online content.

The Hamburg-based publisher of news weekly Der Spiegel and website Spiegel Online said it aims for savings of 16 million euros by late 2017. In coming weeks it said it would publish its first fee-based articles on Spiegel Online, to be followed by paid-subscription based daily news digests and Spiegel International service in mid-2016.

“It is important for the future of quality journalism that well researched and outstandingly written articles are not only printed but also sold digitally and not just given away,” said editor in chief Klaus Brinkbaeumer.

Spiegel has this year launched a literature supplement and digital news service bento. It said it also plans to launch an upgraded news app, trial a regional supplement in its news magazine starting with North Rhine-Westphalia state.